DISGUST in Pelosis Backyard
Michael Moritz in today's WSJ writes "San Francisco's Public Pension Revolt" explaining the "stealing" [my word, not his! The subject upsets me!] of the public employees from the city.
The city has 28.665 employees and 26,000 retirees! Do they retire 40???
"In 2009, San Francisco's deputy police chief earned $516,000 in cash compensation and retired with a $230,000 a year pension...." Don't dare ask what deal the police chief has!!!
Many pensions of city employees is 90% of their annual income - and they pay nothing for medical care!
If you don't believe this is "stealing" from the public, you are naive.
ALL cities, counties, states and the fed's have done this to us over the last 50 or so years. It must stop. And they will continue to kill the golden goose (us) so guess who must stand up?
Note: you must subscribe to the WSJ to get the full article.
The city has 28.665 employees and 26,000 retirees! Do they retire 40???
"In 2009, San Francisco's deputy police chief earned $516,000 in cash compensation and retired with a $230,000 a year pension...." Don't dare ask what deal the police chief has!!!
Many pensions of city employees is 90% of their annual income - and they pay nothing for medical care!
If you don't believe this is "stealing" from the public, you are naive.
ALL cities, counties, states and the fed's have done this to us over the last 50 or so years. It must stop. And they will continue to kill the golden goose (us) so guess who must stand up?
Note: you must subscribe to the WSJ to get the full article.
Labels: Society
posted by Jim | 12:01 PM
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